JAK POWIĄZAĆ PRYWATYZACJĘ I ROZWÓJ FILARA KAPITAŁOWEGO W SYSTEMIE EMERYTALNYM – PROPOZYCJA
HOW TO LINK PRIVATIZATION AND THE DEVELOPMENT OF PENSION FUNDS - A PROPOSAL
Author(s): Aleksander Grad, Jakub Karnowski, Andrzej RzońcaSubject(s): National Economy, Economic policy, Welfare systems, Socio-Economic Research
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: economic growth; pension system; pension funds; privatization; state-owned enterprises; corporate governance;
Summary/Abstract: This article shows how the development of pension funds in Poland can be linked to privatization. It also proposes a mechanism, modeled on solutions adopted in Scandinavia, to strengthen corporate governance in state owned enterprises. It argues that such a link would make it easier to overcome the political obstacles to privatization that stem from its negative public perception. First, the link would result in a sustainable diffusion of business ownership and would effectively separate politics from business management. Second, it would increase pension savings without straining public finances. The literature review indicates that both effects would be conducive to Poland's long-term economic growth.
Journal: Ekonomista
- Issue Year: 2022
- Issue No: 4
- Page Range: 484-508
- Page Count: 25
- Language: Polish
